Apply IFSC Registration Online | Get GST Refunds Easily

Overview

The IFSC registration is a mandatory requirement for any business in India involved in importing or exporting goods and services. It is a code issued by the Directorate General of Foreign Trade (DGFT), which operates under the Ministry of Commerce and Industry, Government of India. Exporters and Importers in India need to get an IFSC code for benefits like duty drawback and IGST refund.

What is IFSC Registration?

IFSC registration is a process specifically for importers & exporters in India. It involves registering the IFSC code, a unique identifier for your bank branch, with the government's electronic commerce platform for trade (ICEGATE).

Thus, IFSC registration allows you to receive benefits like duty drawback and IGST refund directly deposited into your bank account. In simpler terms, it ensures you get the money you're entitled to electronically instead of needing a separate process for claiming it.

Benefits of IFSC Registration

#1. Faster access to refunds

With IFSC registration, duty drawback and IGST refunds are electronically deposited into your bank account linked to the IFSC code. This eliminates delays associated with traditional paper-based claims.

#2. Simplified claim process

IFSC registration streamlines the entire refund process. You don't need to submit separate claims for duty drawback and IGST – everything is linked to your registered IFSC code.

#3. Improved transparency

IFSC Registration enables electronic fund transfer and therefore you have a clear record of the transaction. You can easily track the status and amount received directly in your bank statement.

#4. Reduced paperwork

IFSC registration eliminates the need for physical documentation for claiming duty drawbacks and IGST refunds. This saves time, reduces the risk of errors, and makes the process more efficient.

Document Requirement for IFSC Registration

#. Company Documents

1. Business incorporation certificate (e.g., Certificate of Incorporation)

2. PAN card copy of the company

#. Identity and Address Proof

1. Photocopy of Director's Aadhaar Card (Authorized signatory)

2. Photocopy of Director's PAN Card (Authorized signatory)

#. Export-related Documents

1. IEC (Importer-Exporter Code) certificate

2. AD Code Registration

#. Bank Account Details

1. Cancelled cheque from the bank account linked to the IFSC code you want to register

#. Additional Documents

1. GST registration Certificate

2. Bank authorization letter

How can E-StartupIndia help you in IFSC Registration?

E-Startup India empowers MSMEs with a powerful combination of technology and human expertise. We make complex tasks such as IFSC Registration simple and straightforward, saving your time, money and efforts. Our team of highly qualified professionals, including Chartered Accountants, Company Secretaries, and Lawyers, possesses the experience and knowledge to ensure a smooth and efficient IFSC Registration process. We handle all the paperwork and complexities, so you can focus on what matters most: growing your business. We are committed to providing exceptional customer service, ensuring your questions and concerns are addressed promptly and efficiently. So, wait no longer. Call us at 8881-069-069 or write to us at: info@e-startupindia.com to get your IFSC Registration done with ease.